the u.s. mexico border especially when viewed for washington or on the national news media is understood principally as a risk. entranceal enters -- .4 iteris the task, a risk for jump trafficking, a risk of unauthorized immigration, and it is in a sense all of those things. it does represent some risk. the u.s. mexico border is absolutely an integral part of our homeland defense system as well as good policing and plenty of other pieces of that system. but the border is so much more than that. the border is much more than a risk to me represent an opportunity. already the four u.s. and six mexican states present the fourth largest economy in the world. already we have about half a trillion dollars of u.s. mexican trade that crosses the border each year. we have a mix in that special border region of the competitive advantages of the u.s. and mexico that make it an especially attractive place for investment and production as part of the north american manufacturing platform. the border region has tra

u.s./mexico border conference. i say too often the mexico border, when viewed on the national news media is understood as a potential risk. potential entrance point for a terrorist attack, thank goodness something that's never occurred, it's a risk for drug trafficking, a risk for unauthorized immigration and it is, in a sense all of those things. it does represent some risks. the u.s./mexico border is an integral part of our homeland defense system along with intelligence work and international partnerships and good policing across the country and plenty of other pieces of that system but the border is so much more than that. the border represents an opportunity. all rig already the border states represent the fourth largest economy in the world. we have a half trillion dollars in trade that crosses the border each year. we have the mix of competitive advantages of the united states and mexico that make it an attractive place for investment and production with the american manufacturing platform. the border region

u.s. and mexico. i thank both staffs. the relationship with mexico is very important. let me talk about trade. every day there is $1. billion of trade between u.s. and mexico. that is over a million dollars every single minute of the trade we have between these two countries. and look at the five million jobs that have been created, it's important that we nourish this relationship so it's not only the trade that we have, the commerce that we have, but it is the tourism. in 2016, we had over 19 million mexicans that came over and pent over $20.5 billion at our restaurants, at our hotels, our malls and stores, a lot of money that has been spent here in the united states. but the last couple of years, we have seen a different trend. while international tourists rrive in the u.s. that total 79.6 million visitors, 4.2% increase, the tourism from mexico has decreased for different reasons. we call them murderers and rapists, they aren't going to spend the money. we need to get our friends in the south to co

u.s.-mexico negotiations. of course, this after white house trade adviser peter navarro defended the trump administration's tariff action against mexico. take a listen. >> i'm very bullish right now because what president trump has done is to change the game. right now, we are taking a strong measure which will change the mexican calculus in a way aich will actually get solution on our southern border. that's where we need to go to and that is good for the market. that weuite surprising are getting the latest report that there was no agreement, despite the fact that just this week -- yesterday, in fact -- we heard from mexico's foreign minister being pretty optimistic about the chances of getting a deal before the tariffs are limited. an 80% chance, i believe, and a think we will hear from him in half an hour or so. >> that's right. they came into this meeting with washington with a lot of high hopes and a lot of congressional republicans were putting a lot of hopes on this meeting, creating some sort of breakt

u.s. and mexico have failed to agree to a deal on tariffs. ions had their highest level in may, jumping to 144,000. has entered from guatemala, heading for the u.s. border. >> we are optimistic. we have the opportunity, the opportunity to share our point of view. explain why the mexican position regardingfollowing this issue. -- >>ow, we are going to preparing an arms deal with taiwan. the pentagon has noticed congress of the deal. it is likely to bring protests from china. anld cease taiwan as integral part of its territory. and ford is preparing to announce the closing of its engine plant in south wales as part of an effort to overhaul operations in europe. it is scheduled to discuss the fate of the factory that employees 1500 people. said the future of the operation could rest in brexit and its ability to work within the eu. global news, 24 hours a day. powered by more than 2700 journalists and analysts. this is bloomberg. >> thank you. they have confirmed they are abandoning a proposed merger toh -- that prompted fiat walk away. stephen an

u.s. and mexico but at the white house after his trip to europe u.s. president trump safety announcement for his preferred form of communication in a series of tweets late friday trump said tariffs would be indefinitely suspended and that mexico had agreed to take strong measures to stop central american migrants heading through mexico to the u.s. . mexico's foreign minister said the deal was a fair play. people crossing into the u.s. to seek asylum will be rapidly returned to mexico while their applications for asylum are processed in turn mexico will allow these individuals to enter for humanitarian reasons in compliance with its international obligations them as united as the deal also sees checks being stepped up on mexico's southern border with somalia speaking on the sidelines of the g 20 finance meeting in japan the us treasury secretary steve minucci and said trump's goal of fixing immigration problems on the mexico border had been achieved but he added strong could still impose tariffs if mexico failed to follow up on its pledges. the deal ties

u.s. and mexico u.s. president donald trump heralded the last minute deal on twitter saying tariffs would be indefinitely suspended and that mexico had agreed to take strong measures to stop central american migrants heading through mexico to the u.s. mexico's foreign minister said the deal was a fair play. people crossing into the u.s. to seek asylum will be rapidly returned to mexico while their applications for asylum are processed in turn mexico will allow these individuals to enter for humanitarian reasons in compliance with its international obligations. speaking on the sidelines of the g 20 finance meeting in japan the us treasury secretary stephen minucci said trump's goal of fixing immigration problems on the mexico border have been achieved he had to trump could still impose tariffs if mexico failed to follow up on its pledges well tariffs have been averted the human toll from migrants many fleeing violence in guatemala honduras and el salvador has gone up the final conditions are set to be hamme

u.s.-mexico trade. minute through all of these. and maybe this is interesting for some. crime rate at our ports of entry, the u.s., this is fbi information. out of every 100,000. down here come you have laredo, 622. el paso, 379. san diego, 367. at our border communities, we have the lowest crime rates of many parts. and do not get me talking about other cities like the one where we are at right now. this is information just radio. if any of you wants this information come you can go to our website. states, of the border we have all of the ports of entry. this is information for the then we have imports and exports for each and every one of the cities of your respective states. you information is here and can download it and it is constantly uploaded with recent data. and here are the commodities that cross throw. through the ports of entry. -- those are the slides i wanted to share. iristopher wilson: why don't keep going with you for a moment. when we talked during the process of creating that book chapter i mentioned, you talked to me about how it was that the together

u.s. to mexico. this doesn't mean we're ignorant of the significant challenges that remain on the road ahead. we are well aware that a common opportunity that stand before us cannot be fully realized and will not be fully realized without a careful reconsideration of the difficulties that lie ahead. for example, the lands port of entry that made trade and tourism possible have an outdated infrastructure in many of them. also they are often it's the numbers of customs and border protection agents to staff the land ports of entry efficiently inadequately. this is impacting the global value chains that are in north america, particularly the -- secretary perry i was surprised to be michigan one month ago and city the anger of the automotive sector because of the delays at the border, because they just to work just in time with one auto part costing up to eight times the border in both directions, and the delays was affecting this whole value chain. they were paying fines, they were telling me, at 16,000

mexico did not go for that. what the u.s. did get was for mexico to say, okay, we'll take back the people who make to the u.s. and are going through the asylum process, we'll take care of those people in mexico while they wait the process out. so the u.s. didn't fully get what it wanted on asylum, but it did get something. what the u.s. will have to give up though is that it agreed to speed up the asylum aprocess an to contribute more to development program, development assist tabs, not just in central, but in southern mexico. that is something that the trump administration recently cut off. but mexico insisted that the u.s. contribute to the root causes, the poverty and the violence, which is why people are trying to get to the united states in the fist place. so that is it. case closed. each side gave up something and got something. so no tariffs on mexico for now. >> james boyce is a professor at richmond american international university in london. good to have you with us. >> good morning, george. >> james, what is your r

u.s. and mexico. if the u.s. and president trump , thet see the progress terror threat could come back. now, but the table for nothing is for certain three or six months down the line. paul: this issue with mexico was solved relatively quickly. is there a bottom message about the way the president prosit -- president's approaches trade deals? ros: his great friendship is very interesting, his trade tactics. -- his brinksmanship is very interesting, his trade tactics. now we think about president trump as tariff man, he is also a 401(k) man. he loves it when the stock market is up. thereated on friday about dow jones having the best week of the year. putsy realize that when he up tariffs, stock market goes down. we have to look ahead to a potential meeting with president she in japan -- president xi in japan. what -- it'sd know possible to know what president trump's thoughts are going into that. there's always a question about who is driving the bus in terms of u.s. trade policy. is it the trade hawks or the trade doves like treasury secretary mnuchin and others? don't really know who is

u.s.-mexico border pilots the danger of those trying to reach the u.s.. hong kong reaches out to the g20 to draw international attention to concerns over human rights. ♪ >> we start in libya, where forces allied to libya's u.n.-rec iced government -- u.n.-recognized government have taken control of a town from haf tar. five people were killed in the offensive. take tripolito began weeks ago. his forward base just a couple hours from the capital. leads a rival government and says he still has control of the city. more on that story as we get it. the human special investigator has called for a inquiry into saudi arabia's crown prince and one of his advisors for the murder of journalist jamal khashoggi. he has delivered a final report on the killing. there are legal grounds to launch an international inquiry. more from geneva. >> she led the investigation into the killing of jamal khashoggi. it took her months of intense work, verifying evidence, and studying information shared by many governments to establish that saudi arabia bears responsibility for the k

u.s.-mexico border. what do you think of the deal that the u.s. and mexico just made?n tell you that the mexican military on their southern border, that's going to be a huge deal because they're now going to be enforcing their immigration laws. and we've seen it in the past. i worked in the busiest parts of the united states in all crises that we've had. and i've seen when the mexican military got involved and how that drove down illegal immigration in the united states. so i think that's going to be a big deal as well. >> all right. i want to take it slowly because we're just getting this information. it's still fresh. so we want to make sure i understand it. i want to go step by step. there are two big things in this deal. and you're saying number one, if mexico patrols and enforces its southern border that in itself is -- would you say that's a game changer for the u.s.? >> i think it will make a huge difference. i don't know that it's going to be a game changer because again, people can sneak past officials that are trying to patrol their border. and people sneak p

u.s.-mexico council or economic council or u.s.-canada. those are the kinds of things when we went back, back after naf tax went back home and worked, we need to have that continuity and that ongoing dialogue. that's an. important element to me. the other element is i think we should work with congress and make being sure that whatever trade policy we have, that there are no -- that there are no other i guess issues out there that like, you know, an executive authority impose as tariff that really puts in question what we worked so hard to do, a trade agreement. because the message will be sent to the world nobody wants to do business with us. they won trust us. those authorities or powers that have been granted between branches, legislative branches, executive branch, we should not close our eyes and say it can't happen. obviously we need the to make sure that now congress and private-sector work together. let's make sure we review those issues that are out there that may impact whatever trade impact or trade policy we have in the future.

amy: that is mexico's ambassador to the u.s. exactlylach, explain her response and also what trump said about mexico promised to buy large amount of agricultural products from the united states. >> she is trying to be diplomatic because she knows the president has left the tariff threat out there hanging. but as a practical matter, it is a free market economy in mexico, so it is not, for instance in china, were the government can say, we will buy this many billions of dollars of whatever. what gets but for u.s. agricultural products in mexico tradingmined by companies, grocery retell her's, etc. it is not something -- it is not the kind of jelly government can say "we will by this." notionother hand, the that the ambassador has put out that there will be more trade is a little silly because there are already zero tariffs. agricultural trade between the u.s. and mexico has been zero tariffs for 15 years. so even the notion that the trade will grow -- i suppose if the population grows, the economy grows, demand could grow, but it i

u.s./mexico border, amongst some other things. we're very pleased to be partnering with the border trade alliance once again on the sixth annual border conference. i would say too often the u.s./mexico border, especially viewed here in washington or the national news media is understood primarily as a risk, entrance point for a terrorist attack. something that, thank goodness, has never occurred to this date. it's a risk for drug trafficking, and risk for unauthorized immigration and in a sense it is all of those things. it does represent some risks. it is absolutely an integral part of our home defense system along with international partnerships and good policing across the country and plenty of other pieces across that system. but the border is so much more than that. much more than a risk, the border, to me, represents an opportunity. already the fourth largest economy in the world, already we have a half trillion dollars of u.s. trade that crosses the border each year. we have a mix in that special border region of the compet

u.s. and mexico continuing negotiations friday. this is new tariffs imposed by the u.s. on mexico.exico's proposal to deploy 6000 troops along the southern border has raised hopes the sides may reach a deal before the tariffs kick in on monday. time is running out with manny voicing concerns -- with many people voicing concerns. >> tomatoes and other goods coming into the u.s., all could be slapped with tariffs. the administration is the plan startingtariffs monday. after that, they can increase up to 25% by october. the goal is to revise policy towards migrants. u.s. consumers believe they will pay the bill. tariffs,e proposed people need to know that is a tax and it is the consumers that pay that. >> the ideal situation would be tariffnot to impose the at all. for not wanted pay more mexican products. also impacted, car industries. businesses have remained calm. >> most countries are protected and some or the other form. starting with 10% in europe and goes all the way up to more than 70, 80%. this is not an unusual situation for us. >> international carmakers sell automobiles ac

u.s.-mexico-trade deal. paul: we have plenty more still ahead. by equity coo -- and a former u.s. trade negotiator will be with us as well to talk about the latest developers on the trade front in china and mexico. that is it from daybreak australia. all the action in daybreak: asia next. this is bloomberg. ♪ is is bloomberg. ♪ Ñqçsço >> good morning. i am paul allen in sydney. we are over an hour away from the market up in japan and korea. >> good morning from new york, i am shery ahn. >> i am sophie kamaruddin in hong kong. looking to "daybreak: asia." >> our top stories this monday, g20 ministers water down their statement on the trade war admitting

u.s. awaiting a silent will now be sent back to mexico until their cases are resolved rob reynolds reports from washington. the u.s. threat to impose punitive tariffs on mexico led to a week of intense negotiations ending in a last minute accord president donald trump announced in a tweet the united states of america has reached its signed agreement with mexico the tariffs scheduled to be implemented by the u.s. on monday against mexico are hereby indefinitely suspended mexico in turn has agreed to take strong measures to stem the tide of migration through mexico and to our southern border this is being done to greatly reduce or eliminate illegal immigration coming from mexico and into the united states mexican foreign minister marcello ever ards said the 2 sides reached a compromise but he said it was i think it's a fair balance because the us had more drastic proposals at the start and we have reached a middle point that he agreed to support mexico's proposal to support the central american countries. mexico had already agreed to send troops to its border with water mala to control the f

u.s./mexico border. this is two hours.

u.s. shortly. but first, to discuss immigration and mexico, i'm joined by mexico'sormer ambassador to the u.s., arturoukhan. ambassador, thank you very much. >>hank you, nick. schifrin: for being here. the fundamental question the white house is asking, can mexico stop illegal immigration into the united states? >> no. if the idea is we go from what's going on now to zero, that's not goin happen. you can't enforce your way out of migration crises. you have to understand some of the stuctural dynics that have been creating this over the last two, three years. what mexicoe can crtainly do is enhance its operation control of its border with guatemalaput more money and resrces in manpower into its immigration agency, and into its refugee agency see that we can better control those flows, make sure that we're preventing those ravans from reaching th border with the united states, provide more visas for asylumd rk visas for those central americans who do decide to stay mexico instead of trg to make their trek to the northern part country. but you're not going to spo this. you know, this idea that, you know,

this has been the toughest moment in the relationship between mexico and the united states is little it seemed to me. in a series of tweets u.s. president donald trump attributed the breakthrough to mexico's commitment to crack down on immigration but stressed that tariffs would be reinstated if the country's legislature didn't sign off on the deal and its men women and children like these whose lives will be affected central americans on the move through mexico in the hope of claiming asylum in the united states. the exact details of the deal remain scant but it's thought that mexico could be willing to become a so-called safe 3rd country which make it harder for asylum seekers passing through to claim refuge in the u.s. in a phone interview with c.n.n. b.c. trump credited the threat of terrorists for mexico's cooperation on migration charge you as soon as i put tariffs 2 on the table it was it was done it took 2 days for the deal is not yet done mexican lawmakers still need to sign off on it and show that the number of migrants seeking entry to the u.s. really is going down the potential terror storm hasn't blown over yet.

u.s. border. mexico has repeatedly rejected the so-called safe 3rd country agreement but the increasing pressure could make the country buckle is. where to go i hope we reach an agreement. i'm confident that we will reach a deal. put in place the unilateral measures expected to start on monday but. this. due to its strategic location free trade agreements and low wages mexico has become an attractive destination for international companies companies that what all be hit hard by the tariffs. according to donald trump they would start at 5 percent and steadily rise to $25.00. minutes and you go this is bad because the decision makers they don't have a red line that the united states is violating the rules of the free trade agreement. that. struggling to appease u.s. decision makers mexico has broadened its migration crackdown in recent days not only turning back but also detaining hundreds of migrants and freezing the bank accounts of suspected human traffickers. but there is a risk none of the measures wi

u.s.-mexico talks. washington says migrant discussions continue but still intends to impose tariffs on monday. president trump keeps up the pressure on china, saying he will decide on any additional duties after meeting xi jinping at the g20. global central banks watching this closely and will react as necessary. john williams admits risks are rising. >> i am kathleen hays. finance ministers and central bankers are meeting this weekend. we will look at how trade tensions are affecting global policy, later in the show. shery: we will be asking the of china governor about the monetary policy direction in our exclusive interview later today. it is his first international media interviews since becoming governor. you do not want to miss the conversation. a quick check of how markets closed in the u.s.. we saw stocks fluctuating in the session but they managed to end higher with the s&p -- the u.s. was considering delaying tariffs on mexico, so every sector on the s&p 500 was in the green and it was the best

there are an estimated 1000000 people employed by the thousands of mikey scattered in northern mexico u.s. president donald trump says mexico has taken away these jobs from americans suggesting the economic relationship between the 2 countries has become one sided many economists say this notion couldn't be farther from the truth so it's not a one sided economy mexico has become since march of this year the most important provider of inputs to the u.s. for every 100 jobs that they do us creates in mexico 250 jobs created in the u.s. . based on the technology and the value added that the u.s. gives to what we produce in in in the region. an important footnote to this is that the united states also has an $81000000000.00 trade deficit with mexico this is perhaps one of the reasons why president trump has pursued such an aggressive and controversial trade policy still last year the u.s. imported $346000000000.00 worth of mexican goods despite continuous threats by president from to close the border or impose tariffs on mexican exports trade between the u.s. and mexico remains at an all time

first china and now mexico u.s. president donald trump threatened status on mexican goods unless it stops migrants crossing the border. no this is al jazeera live from doha back he will also ahead. protesters again put up barricades in sudan's capital security forces fired shots in an attempt to disperse them. the suspect this will be the only time we will announce his name. just one credit. the latest on a mass shooting in the u.s. state of virginia that's killed 12 people. plus top palestinian students in the occupied west bank. learning to cope with the danger of violence from israeli settlements. thank you for joining us from old allies to traditional rivals u.s. president donald trump seems to be using tariffs as a political weapon to settle everything from trade disputes to immigration on friday trump threatened to impose tariffs on mexico if it doesn't stop migrants from entering the u.s. mexico's foreign minister is in washington for talks and is expected to meet michael later this week the u.s. is also endi

mexico has its own asylum procedures. and the u.s. its procedures where many individuals are being required to wait in mexico. mexican asylum procedures however are very, very deficient. very small numbers actually win asylum in mexico. they're completely understaffed. there's very few asylum officers in mexico. and the grant rates are also extremely low. and most individuals are coming through mexico to get to the united states to apply for asylum, rather than apply in mexico. >> so, that's one area. the other area, another front, is topping people in the first place from getting to the u.s., so mexico is sending troops to its southern border to try and curtail the massive migrant flow we're seeing from central america. is this a tenable solution? >> we don't believe it is. i meaner part of what's at issue is most immigrants when they're migrating from central america to the united states consider mexico to be one of the most dangerous parts of the journey. part of the reason for that is the mexican government itself. oftentimes, immi

u.s. and mexico, u.s. and canada -- it is because where you do that clearance, there has to be an extremely high level of confidence that that conveyance is not going to be compromised while it is still on the ground. therefore, completely undermining the purpose of preclearance. so, that requires and -- not only level of cooperation, but trust in both parties to actually go from preclearance of air environment to preclearance of lan environment . >> thank you. i think it is really important to review that history. and the current relationship, so we can figure out how to improve efficiencies at the border. where do we go for the future to achieve a truly 21st century border, efficient border, and from the private sector perspective, pat, if you could talk about the importance, why is this even important? what does it mean for trade? you know, on the ground? >> just capacity and cost and efficiency and competitiveness. you know, we move a tremendous amount of cargo as the congressman mentioned, laredo is o

u.s./mexico talks as investors await the u.s. jobs report >>> the bundesbank is joining a chorus of banks warning of global uncertainty >>> a healthy boost to sanape shares as hudson is called as the next ceo >>> and ready to depart, number ten. theresa may prepares to step down with the race to replace her set to begin next week >>> well, a very warm welcome to "street signs. trading up in the early hours of trade following wall street yesterday. another positive day for stocks there. yesterday the big focus, of course, here in europe was that ecb meeting. some really interesting trading around that. in the leadup to the ecb meeting, stocks were trading well but after the course of the afternoon, we did see them sell off. ending in negative territory in particular european banks slumped by 1.42% and were down nearly 3% at the low yesterday so the ecb meeting not very straight forward they did push ahead. they extended their forward guidance it underwhelmed the market and we saw a jump in the euro. investors looking ahead to the

mexico. what is he doing to help the u.s.? a mexico first stands but then he's calling the kettle pot black. we can't do that. we have to look out for what is best for our citizens in this country. that's what trump is trying to do it if he will not get on board, we will hit him with the sanctions we need to force him to do what is right. >> lopez, mexico first. he'll be acting in his own interest. if he is foolish enough not to act in the interest of mexico, they will be devastated because there will be quarter of a trillion dollars a ton of their economy. that will not be helpful for either his political prospects or the welfare of the mexican people. it's time for mexico to grow up. >> absolutely. two we wouldn't be in this situation people like chuck grassley would have done their job. if congress would have done their job, trump would need to be putting tariffs on mexico. that is the problem. >> it is precisely that but that is a matter that is now in the rearview here. this is all now about the future with the president t

well traditionally in u.s. mexico relations there's been an effort to put these things on separate tracks to make sure that there's not contamination from trade to migration security issues to other things because there's such a big complex relationship between the 2 countries and so what this does is it shows 1st of all just how intense and focused president trump is on this might ration issue on control of the u.s. border with mexico but it absolutely holds some risks it risk contaminating the entire relationship it risks preventing the passage of the u.s. m.c.a. the renegotiated version of nafta in the congress of mexico and potentially also in the united states puts at risk actually the very cooperation on migration issues it's true that in the 1st 2 months of the new administration in mexico in december in january there was there were more vicious eases issued to central american migrants and fewer detentions and deportations of central american migrants but at the u.s. urging in recent months mexico has been wor

of its revenues could be at risk and union pacific says 5.5% of its overall volume goes from mexico to the u.s. and trucking is expected to see the biggest impact. >> trucking rates are directly related to the supply and demand indicators of the trucking industry a giv cross-border mexico volumes are a significant absorber of capacity to the extent that they're impacted by the escalating tariffs and that woord be negative f trucking and trucking rates for sure. >> those rates have fallen 18% since last april and that'sau largely bec of the trade war with china and how it slashed u.s. exports cutting on the goods exports areli h. it could put smaller operators out of business. for nightly businesspo , i'm frank holland. >> following the new terror threat, s se of walleet's major banks are reassessing their outlook for and j.p. morgan is calling for the fed to cut rates twice by december and barclays is cutting .75% by the end of the near. >> and c leaders are watching closer to see how the t terror t tariff threat with mexico plays out. eunice yun is in beijing. j . >> today the chinese foreign

news coming to you live from berlin mexico signals tighter migration controls as u.s. tariffs loom record numbers of central american migrants are heading through mexico to the u.s. border but their numbers could windell as washington ramps up the pressure on its southern neighbor also coming up full board space walkers nasa says the 1st commercial visit to the international space station could take place next year but one of the rocket tourists will have to put that almost astronomical bill for the trip. and a mystery did this german politician was found dead with a bullet in his head police say it was not suicide so who might have been behind his killing. fellow i'm terry martin thanks for joining us the white house says it plans to follow through on threats to slap tariffs on mexican imports that's despite signs of progress at ongoing talks between the 2 countries president trump is trying to ramp up pressure on mexico to stem the flow of central american migrants through the southern u.s. border by president mike pence says that although he's encouraged by his south